Global Cocoa Market to Reach USD 23.98 Billion by 2033, Driven by Rising Demand in Confectionery Industry

Cocoa Market
Cocoa Market

According to Future Market Insights (FMI), the global cocoa market is estimated to reach US$ 15,156.7 million in 2023 and further accelerate at 4.7% CAGR throughout the assessment period. By 2033, the market size is set to attain a valuation of US$ 23,981.1 million.

Growing applications of cocoa across thriving confectionery industry is a key factor driving the global cocoa market forward. Subsequently, growing demand for chocolate and chocolate-based products will boost cocoa sales during the forecast period.

Most of the cocoa produced globally is utilized in confectionery industries for making various chocolate and chocolate-based items. Rising demand for cocoa products such as cocoa powder, cocoa liquor, and cocoa butter from chocolate manufacturing companies is expected to the boost market.

The availability of a wide variety of chocolate flavors and chocolate types is resulting in an increasing consumer base. Different types of chocolates such as dark chocolate and milk chocolate are in high demand due to their various health benefits.

Rising awareness about the potential health benefits of cocoa coupled with increasing usage across functional food and pharmaceutical industries is expected to propel cocoa demand.

Cocoa contains high concentrations of flavanols which have potent anti-inflammatory and antioxidant effects. Consumption of cocoa and cocoa-based products, therefore, improves immunity and reduces the risk of disease development.

Similarly, increasing usage of cocoa products in cosmetics and toiletries is expected to create lucrative growth opportunities for cocoa manufacturers during the projection period.

Key Takeaways from the Report:

  • The cocoa market is forecast to reach US$ 23,981.1 million by 2033
  • In terms of product type, the cocoa liquor segment accounts for 45.2% of the total market share in 2023.
  • By application, confectionary segment currently holds a significant share of 42.7% of the total cocoa market.
  • The USA cocoa market is forecast to reach a valuation of US$ 1,010.0 million by 2033.
  • The United Kingdom cocoa market is poised to accelerate at a CAGR of 2.7% during the assessment period during the assessment period

Who is Winning?

Leading players in cocoa market include The Barry Callebaut, Cocoa Processing Company, ADM, Dutch Cocoa BV, JB Foods, Cemoi, Blommer Chocolate, Cargill, Inc., Mars, Inc., Meiji Holdings, Carlyle Cocoa, United Cocoa Processor, Inc., Jindal Cocoa, Olam International Ltd., Nestle, Puratos Group, and Others.

Get Valuable Insights into Cocoa Market

FMI, in its new offering, provides an unbiased analysis of the cocoa market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for cocoa market based on Product Type (Cocoa Powder, Cocoa Butter, Cocoa Liquor), Process (Natural, Dutch), Nature (Organic, Conventional), and Application (Confectionery, Cosmetics, Functional Food, Beverages, Pharmaceuticals) across several regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Drive Your Growth Strategy: Purchase the Report for Key Insights@ 

Cocoa Industry by Category

By Type:

  • Cocoa Powder
  • Cocoa Butter
  • Cocoa Liquor

By Process:

  • Natural
  • Dutch

By Nature:

  • Organic
  • Conventional

By Application:

  • Confectionery
  • Cosmetics
  • Beverages
  • Functional Food
  • Pharmaceuticals

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Surge Arrester Market to Reach USD 4,277.3 Million by 2033, Driven by a Steady 5.0% CAGR

Surge Arrester Market
Surge Arrester Market

The surge arrester market is projected to be valued at USD 2,625.8 million in 2023, with a steady CAGR of 5.0% from 2023 to 2033. This growth is expected to bring the market to an estimated valuation of USD 4,277.3 million by 2033.

Several key drivers are fueling the surge arrester industry’s expansion. The increasing demand for electricity across residential, commercial, and industrial sectors, along with rapid industrialization and urbanization in developing economies, has heightened the need for reliable power transmission and distribution systems, boosting the demand for surge arresters. The growing integration of renewable energy sources like solar and wind into power grids further emphasizes the need for robust surge protection to safeguard sensitive equipment from voltage fluctuations and transient surges. Additionally, strict government regulations requiring surge protection devices to ensure electrical infrastructure safety and resilience have significantly contributed to the industry’s growth.

Despite the positive outlook, the surge arrester market faces certain challenges. High initial costs associated with advanced surge protection systems can deter small-scale enterprises and industries with budget constraints from adopting these technologies. The complexity of maintaining and monitoring surge arresters adds operational challenges for end users, leading to additional costs and technical expertise requirements. Furthermore, the market’s fragmented nature, with numerous regional and local players, creates pricing pressures and intense competition, limiting overall profitability and market consolidation.

However, there are several growth opportunities in the surge arrester industry. The increasing focus on upgrading aging power infrastructure and the development of smart grids in both developed and emerging economies create a favorable environment for advanced surge protection technologies. Rising investments in modernizing electrical networks and growing awareness of the importance of uninterrupted power supply also present lucrative opportunities for surge arrester manufacturers to expand their product offerings and meet the evolving needs of the power transmission and distribution sector.

Key Takeaways from the Surge Arrester Market:

  • With a significant market share of 70.5% in 2023, polymeric surge arresters emerged as the leading product type in the surge arrester market.
  • The station class segment held a significant share of 33.1% in 2023, establishing its prominence in the industry.
  • China is anticipated to emerge as a country with lucrative growth prospects, with a CAGR of 7.40% during the forecast period.
  • With a moderate CAGR of 5.10% from 2023 to 2033, the United States retains a significant position in the North American surge arrester industry.
  • With a steady CAGR of 4.80% from 2023 to 2033, Canada maintains its relevance within the North American surge arrester industry.
  • Germany is the leading surge arrester industry in Europe, with a CAGR of 6.60% through 2033, driven by its strong industrial sector and growing renewable energy sector.
  • Italy, maintaining a significant CAGR of 5.50% from 2023 to 2033, sustains its influence in the Europe surge arrester industry.
  • France, demonstrating a steady CAGR of 6.30% from 2023 to 2033, solidifies its pivotal position in the Europe surge arrester industry.
  • The United Kingdom, exhibiting an average CAGR of 5.80% from 2023 to 2033, presents diverse growth opportunities within the Europe surge arrester industry.
  • Spain contributed significantly to the Europe surge arrester industry with a moderate CAGR of 6.20% from 2023 to 2033.
  • India, maintaining a notable CAGR of 6.80% from 2023 to 2033, demonstrates significant potential in the Asia Pacific surge arrester industry.
  • Japan, exhibiting a substantial CAGR of 6.50% from 2023 to 2033, contributes significantly to the Asia Pacific surge arrester industry.
  • ASEAN is projected to be a promising surge arrester market with a notable CAGR of 6.80% from 2023 to 2033.
  • Australia and New Zealand (ANZ), demonstrating a notable CAGR of 7.20% from 2023 to 2033, offer promising growth prospects in the Asia Pacific surge arrester industry.

Competitive Landscape of the Surge Arrester Market

The competition in the surge arrester market is characterized by several key players vying for market share and competitive advantage. Prominent companies in this sector consistently focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their global footprint.

Industry leaders such as ABB, Siemens AG, and Eaton Corporation have established a strong foothold in the market through their extensive product portfolios, robust distribution networks, and a strong emphasis on research and development initiatives. These companies are known for offering a comprehensive range of surge arrester solutions tailored to meet the specific requirements of diverse industries, including utilities, industrial manufacturing, and commercial sectors.

Regional players such as Littelfuse, Inc. and HAKEL Ltd. have gained significant traction by catering to the surge protection needs of local markets while fostering strong relationships with regional distributors and end-users. These companies often emphasize the development of cost-effective and reliable surge protection products, catering to the demands of small to medium-scale enterprises and residential consumers.

Emerging players, including DEHN SE Co KG and TE Connectivity, are rapidly gaining prominence in the surge arrester market by focusing on technological innovation and the development of advanced surge protection solutions equipped with smart monitoring and diagnostic capabilities. These companies actively invest in research and development activities to introduce novel product offerings that effectively address the evolving challenges associated with power distribution and transmission systems.

Top 10 Key Players in the Surge Arrester Market

  • Siemens AG
  • ABB AG
  • GE
  • Schneider Electric SE
  • Eaton Corporation
  • Hubbell Incorporated
  • Megger Group Limited
  • Furse Surge Protection
  • Ingeteam
  • CIRCUTOR

Key Segments

By Product Type:

  • Polymeric
  • Porcelain

By End Use:

  • Utilities
  • Industries
  • Transmission
  • Transportation

By Application:

  • AIS
  • GIS
  • Others

By Voltage:

  • Medium
  • High
  • Very High

By Class:

  • Secondary Class
  • Distribution Class
  • Intermediate Class
  • Station Class

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa

Report Preview: https://www.futuremarketinsights.com/reports/surge-arrester-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

On-the-Go Breakfast Products Market to Reach USD 1,500 Million, Driven by Changing Dietary Habits and Fast-Paced Lifestyles

In 2015, the global on-the-go breakfast products market was valued at nearly US$ 1,200 Mn, which is expected to reach US$ 1,500 Mn by 2021 end, registering a CAGR of 4.2% over the forecast period (2019 – 2026).

In today’s fast-paced world, leisurely breakfast meals are increasingly becoming a thing of the past. The rapid acceleration of daily life, especially in rapidly developing and developed countries, has driven a significant shift in dietary habits. As more people juggle demanding work schedules and longer commutes, the preference for convenient, on-the-go breakfast substitutes has surged. This trend is supported by extensive research conducted by Future Market Insights in 2019.

Key Drivers of Market Growth

The demand for on-the-go breakfast products is primarily driven by several critical factors:

  1. Fast-Paced Lifestyles: The global pace of life has reached unprecedented levels, leaving little time for traditional, sit-down breakfasts.
  2. Increased Workforce Participation: The growing participation of women in the workforce and longer commute times are significant contributors to the demand for quick and convenient breakfast options.
  3. Urbanization and Nuclear Families: The rise in urbanization and the prevalence of nuclear families require working women to balance domestic and professional responsibilities, leading to a preference for easy-to-consume breakfast products.

Market Valuation and Forecast

In 2015, the global on-the-go breakfast products market was valued at nearly USD 1,200 million. It is expected to reach approximately USD 1,500 million by the end of 2021, registering a compound annual growth rate (CAGR) of 4.2% over the forecast period from 2019 to 2026. By the end of 2026, the market is projected to be valued at nearly USD 1,900 million, representing an incremental opportunity of more than USD 600 million between 2019 and 2026.

Regional Insights

North America

The North American market for on-the-go breakfast products has shown substantial growth. In 2015, the market was valued at nearly USD 270 million and is expected to reach nearly USD 330 million by the end of 2021. By 2026, the market is anticipated to be valued at approximately USD 415 million, registering a CAGR of 4.4% over the forecast period. This represents an incremental opportunity of nearly USD 150 million between 2019 and 2026.

United States and Canada

In the United States, the on-the-go breakfast products market was valued at nearly USD 200 million in 2015 and is expected to register a CAGR of 4.7% over the forecast period, reaching nearly USD 320 million by the end of 2026. This represents an incremental opportunity of approximately USD 120 million between 2019 and 2026.

In Canada, the market was valued at nearly USD 70 million in 2015 and is expected to witness a CAGR of 3.3% over the forecast period, reaching nearly USD 100 million by the end of 2026. This represents an incremental opportunity of USD 27 million between 2019 and 2026.

Gain Immediate Access to Detailed Market Insights Purchase Now: 

Product Segment Insights

Breakfast Cereals

The breakfast cereals segment was valued at nearly USD 180 million in 2015 and is expected to witness a CAGR of 4.1% over the forecast period, reaching USD 275 million by the end of 2026. This segment is estimated to record an incremental opportunity of more than USD 90 million between 2019 and 2026.

Dairy-Based Breakfast Drinks

The dairy-based breakfast drinks segment was valued at nearly USD 90 million in 2015 and is expected to exhibit a CAGR of 4.8% over the forecast period, reaching a market valuation in excess of USD 140 million by the end of 2026. This segment is estimated to create an incremental opportunity of more than USD 50 million between 2019 and 2026.

Market Segmentation

By Type

  • Breakfast Cereals
  • Dairy-Based Breakfast Drinks

By Distribution Channel

  • Hypermarket/Supermarket
  • Retail Stores
  • Convenience Stores
  • Online Selling
  • Others (Direct Selling)

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Micellar Casein Market to Reach USD 933 Million by 2034, Growing at 5.5% CAGR Amid Rising Demand for Muscle Growth Supplements

Micellar Casein Market

The micellar casein market size in 2024 is anticipated to reach US$ 578.5 million, showcasing robust and steady growth due to surging health-conscious consumers. Looking ahead to 2034, the demand for micellar casein protein powder is projected to surge significantly to US$ 933.0 million.

The compound annual growth rate (CAGR) from 2024 to 2034 stands at an impressive 5.5%, underscoring the sustained and consistent upward momentum expected in the industry over the forecast period. This CAGR reflects the enduring micellar casein demand and consumers’ evolving preferences toward supplements that support muscle growth.

An increasing number of consumers are demanding clean-label and minimally processed foods. This trend pushes manufacturers to develop micellar casein products with fewer additives and preservatives, focusing on natural and sustainable sourcing. Beyond dairy-based micellar casein, plant-based alternatives are on the rise. Micellar casein derived from plant sources such as peas and rice is gaining popularity among vegans and individuals with lactose intolerance.

Incorporating micellar casein into functional beverages like protein shakes, ready-to-drink beverages, and even coffee is an exciting trend. These innovative products combine convenience with nutrition, attracting busy consumers seeking on-the-go solutions. Exploring micellar casein’s potential health advantages, such as its influence on muscle recuperation, weight control, and sleep enhancement, paves the way for fresh avenues in product development.

Key Takeaways from the Micellar Casein Market

  • The micellar casein market in India is projected to soar at a 16.6% CAGR until 2034.
  • China is at the forefront, anticipating 7.8% CAGR growth in micellar casein market by 2034.
  • The United Kingdom is poised for a 5.6% CAGR by 2033.
  • The micellar casein concentrate segment will dominate the market registering a market share of 65.50% in 2024.
  • FMI predicts the supplements segment to surge with a 20.90% market share in 2024.

“The analyst anticipates sustained growth in the micellar casein market, driven by increasing consumer awareness of its health benefits and versatile applications in sports nutrition and functional foods,” remarks the FMI analyst.

How Key Players are revolutionizing the Micellar Casein Market?

Key players are spearheading a revolution in the micellar casein market by harnessing innovation and consumer demand. They are introducing cutting-edge production techniques to ensure premium quality and purity in their offerings, meeting the growing interest in clean-label and high-protein products. These leaders are diversifying their product lines to cater to various applications, from sports nutrition to functional foods, extending the reach of micellar casein beyond its traditional use.

Prominent industry players are making substantial investments in research and development, formulating customized solutions to cater to precise consumer requirements. Their dedication to sustainability and ethical sourcing reshapes the market, aligning their offerings with eco-conscious consumers’ preferences. With the increasing demand for premium protein, these industry pioneers are propelling the micellar casein market toward a more innovative and promising future.

Drive Your Growth Strategy: Purchase the Report for Key Insights

Product Portfolio

  • ProteinCo is a dedicated player in the protein industry, offering a comprehensive range of protein ingredients for various sectors. Their portfolio includes high-quality whey, casein, and plant-based proteins, allowing customers to develop exceptional products in the food, beverage, and sports nutrition markets. ProteinCo is the go-to source for protein excellence.
  • Glanbia Nutritionals, Inc. is a trusted provider of advanced nutritional solutions. Their extensive product portfolio encompasses top-notch dairy and plant-based proteins, functional ingredients, and customized formulations. They are committed to delivering premium ingredients that empower food and beverage manufacturers to create products that promote health and wellness.

More Insights Available

Future Market Insights offers an unbiased analysis of the micellar casein market, providing historical data from 2018 to 2022 and forecast statistics from 2024 to 2034.

To understand opportunities in the micellar casein market, the report is segmented on the basis of type (Micellar Casein Isolate and Micellar Casein Concentrated), Application (Beverages & Smoothies, Clinical Nutrition, Bakery, Meat Products, Nutritional Powders & Bars, Protein Fortification, Dairy Beverages, Supplements, Infant Nutrition, Fresh Dairy Products, Cheese and Others), Sales Channel (B2B, B2C, Specialty Stores, Modern Trade, Grocery Stores, Sports Stores, Online Channel and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Guarana Market Projected to Grow at 7.3% CAGR, Driven by Demand for Caffeine Alternatives and Energy Drinks

In terms of value, the global Guarana market is projected to register a healthy CAGR of 7.3% during the forecast period (2016-2026). This is attributed to various factors, regarding which Future Market Insights offers vital insights in detail. Guarana being the best alternative to caffeine is expected to create massive demand over the forecast period due to its health benefits over caffeine and is expected to escalate the demand for the energy drinks application segment in the global Guarana market.

The lifestyle of the global urban population is fast-paced as compared to that of the rural population. The urban population is more health conscious, which is a major factor causing a shift in preference towards natural ingredient-based energy drinks and fruit juices. Increasing health concerns among consumers and shifting preference towards more healthy dietary supplements are factors expected to significantly increase demand for Guarana in the near future. In Brazil, expansion of the organized retail has led to widespread supply of Guarana, through extensive distribution network. These factors are expected to bolster the growth of Guarana market in the near future. The global Guarana market is expected to register a significant value over the forecast period owing to increasing per capita energy drinks consumption in the country. The health and wellness trend is also expected to support the global Guarana market and stimulate companies to innovate across the supply chain in order to enhance the nutritional profile of Guarana.

Major factors restraining the growth of the global Guarana market include a high volume use of Guarana in beverages, which leaves other industries such as dietary supplements, confectioneries and cosmetics with moderate volumes of Guarana.

Segmentation analysis

  • Quick absorption effect of Guarana liquid form as compared to powder form is likely to increase the share of liquid product form in the global Guarana market
  • Powder product form segment is estimated to account for 6% value share by 2016 end
  • Increasing demand for sweetened and carbonated soft drinks such as cold drinks and other sports drinks for energy enhancement by athletes and sports persons is expected to fuel the growth of the energy drinks segment over the forecast period
  • The Confectionery products segment is estimated to account for 12.8% value share by 2016 end. Emphasis on health consciousness by consumers has raised the demand for healthier confectionery products, which in turn is expected to boost the growth of this segment over the forecast period

Regional analysis

On the basis of region, the global Guarana market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Latin America Guarana market is projected to grow with the highest CAGR over the forecast period due to a growing production of Guarana in Brazil. North America is anticipated to witness the highest share in the global Guarana market owing to increase in per capita consumption coupled with growing awareness related to the benefits of Guarana.

Vendor insights

The global Guarana market report analyses business performance of top market players. Long-term strategies and other key developments of some of the leading market players operating in the global Guarana market are also analysed. Key players profiled in the global Guarana market report include Vitaspice, Prover Brasil, Herboflora, Duas Rodas Industrial, Ambev, AR De Sousa Ribeiro, Iris Trade Inc. Some of the local players profiled in the report include The Green Labs LLC, Natural Amazon Herbs Producao De Extratos Ltda, and Nutra Green Biotechnology Co., Ltd.

Gain Immediate Access to Detailed Market Insights Purchase Now

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Ready-to-Eat Food Market Projected to Reach USD 391.1 Billion by 2034, Growing at a 9.2% CAGR

Ready-to-Eat Food Market
Ready-to-Eat Food Market

The global ready-to-eat (RTE) food market value is set to experience an unprecedented surge, with market size projections reaching US$ 195.9 billion in 2024 and an impressive US$ 391.1 billion by 2034, at a remarkable CAGR of 9.2%. This significant growth underscores the burgeoning consumer demand for convenient, minimally processed, and additive-free food items, driven by increasingly busy lifestyles and shifting dietary preferences.

Key Growth Drivers

  • Busy Lifestyles and Convenience: The hectic work schedules of consumers worldwide are propelling the demand for RTE food items. As the need for quick and hassle-free meal solutions rises, consumers are gravitating towards meals that are easy to prepare yet nutritious. This trend is notably prominent among working professionals, teenagers, hostel residents, and single individuals.
  • Food Service Industry Influence: The food service industry, including hotels, restaurants, cafes, and bakeries, plays a pivotal role in this market expansion. These establishments cater to the growing consumer preference for convenient and on-the-go food options, further fueling the demand for RTE foods.
  • Urbanization and Changing Family Dynamics: Increasing distances between home and workplace, a rising number of women in the workforce, and changes in family cohesion are contributing to the heightened demand for processed, ready-to-eat foods. This shift is creating a highly active food processing industry globally, ready to meet the demands of a fast-paced urban lifestyle.

Market Trends and Opportunities

  • Health and Sustainability: Today’s consumers are increasingly seeking healthy, natural, and customized food options. The growing demand for vegetarian and vegan RTE foods, along with high-protein products for fitness enthusiasts, is reshaping the market landscape. High-pressure processing (HPP) technology is also gaining traction, ensuring longer shelf life without compromising nutritional value.
  • Technological Advancements: Innovations such as new apps for easier product selection and online grocery shopping are enhancing consumer convenience. The e-commerce sector, particularly in regions like China, is significantly contributing to the distribution of RTE foods, allowing customers to access a wide range of products effortlessly.
  • Packaging and Sustainability: The trend towards environmentally friendly packaging is evident as manufacturers use recyclable and biodegradable materials to cater to eco-conscious consumers. This is especially relevant in the ready-to-eat cup market, projected to expand at a 4.0% CAGR during the forecast period.

Country-Wise Insights

  • Expected to grow at a 6.5% CAGR by 2034, the US market is driven by the increasing consumption of affordable and quality RTE foods, particularly frozen products like pizza. The trend towards health-conscious living further bolsters market growth.
  • With a projected CAGR of 6.9%, India’s market growth is fueled by a large working population, rising disposable income, and a diverse range of RTE food options that cater to various culinary preferences.
  • Anticipated to grow at a 7.3% CAGR through 2034, China’s market is buoyed by the booming e-commerce sector and a growing demand for natural and healthier RTE options that align with global health trends.

Segment Insights

  • Dairy Products: Dominating the market with a projected share of 15.7% in 2024, ready-to-eat dairy products like cheese, yogurt, and milk-based desserts offer convenience and nutritional value, appealing to a broad consumer base.
  • Food Service: Expected to hold a significant share of 35% in 2024, the food service segment benefits from the efficiency and convenience of pre-made meals. This segment is well-positioned to meet the diverse dietary needs and preferences of a fast-paced consumer base.

Competitive Landscape and Recent Developments

The ready-to-eat food market is characterized by intense competition, with key players focusing on product innovation and strategic partnerships to expand their portfolios and customer bases. Notable recent developments include:

  • VegaBytz Company (2022): Launched plant-based, 100% vegan meat products in India, offering a range of RTE meals.
  • Nomad (2021): Acquired Fortenova’s Frozen Food Business Group to enhance its product portfolio.
  • McCain Foods (2022): Acquired Scelta Products to strengthen its position in the prepared frozen appetizer market and boost creativity and capacity in frozen prepared meals.

Key Companies Profiled

  • Nestlé
  • Dr. Oetker
  • Campbell Soup Company
  • Nomad Foods
  • Danone
  • Vietnam Hanfimex Corporation
  • General Mills Inc.
  • California Pizza Kitchen
  • McCain Foods Ltd.
  • MTR Foods Private Limited
  • Conagra Brands, Inc.
  • Atkins Nutritionals, Inc.

Drive Your Growth Strategy Purchase the Report for Key Insights

Ready-to-eat Food Market Segmentation by Category

By Product Type:

  • Dairy Products
  • Instant Breakfast/Cereals
  • Bakery and Confectionary
  • Meat and Poultry
  • Frozen Pizza
  • Pasta and Noodles
  • Savory Snacks
  • Prepared Salads

By Sales Channel:

  • Food Service
    • Hotel, Restaurant, Cafes
    • Bakeries and Patisseries
    • Quick Service Restaurants (Sandwicheries, Fast Casual, Coffee Shops)
  • Airport Retail
  • Travel Retail
  • Retail
    • Hypermarket/Supermarket
    • Convenience Stores
    • Departmental Stores
    • Wholesale Stores
    • Mass Grocery Retailers
    • Specialty Stores
  • Online

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

APAC Heart Health Functional Food Market to Reach USD 913 Million by 2033, Driven by Rising Demand for Heart Health Supplements

APAC Heart Health Functional Food Market
APAC Heart Health Functional Food Market

The market for functional foods for heart health in the APAC region has a share of the market worth US$ 477.6 million in 2022, and it is anticipated to rise at a steady CAGR of 6.3% from 2023 to 2033 to reach US$ 913 million in market value.

Heart health pills are becoming increasingly popular as individuals grow more health-conscious. People may be unsure about which supplements to take because there are so many different kinds available on the market. CoQ10 supplements, fish oil supplements, as well as magnesium supplements, are some of the most well-liked supplements for heart health.

Over the forecast period, more consumers are expected to choose preventative care over curative therapy, which is expected to lead to a considerable increase in demand for heart-healthy functional foods in APAC. The latter part of the projection period shows excellent growth potential for this market. It is projected that severe government regulations and limitations on the manufacture of heart-healthy food would limit market development. There are loopholes in the strict regulatory framework around these products, and changes are being made despite the increased demand for nutraceuticals as well as functional meals.

Key Takeaways from the Market Study

  • The market value of the APAC heart health functional food market was estimated to be US$ 431.1 million in 2018.
  • Sales in the APAC heart health functional food market increased significantly between 2018 and 2022, with a CAGR of 2.6%.
  • Breakfast cereals accounted for 45.8% of the APAC market in 2022.
  • Through 2033, functional foods are anticipated to continue to dominate the Japanese market for heart health, growing at a rate of around 6.2% per year.
  • The Indian market for functional foods for heart health would hold a 21.9% market share in 2022.
  • The Chinese market for functional foods for heart health is anticipated to rise from 2023 to 2033.

“The APAC heart health functional food industry is a market for food items designed primarily to support cardiovascular wellness and lower the risk of heart disease among regional consumers, thereby propelling the growth.” – Nandini Roy Choudhury, Client Partner at Future Market Insights 

Competitive Landscape

The need for functional foods for heart health has grown in recent years with rising health consciousness. Manufacturing enterprises are likewise keen on expanding their market presence through the development of new goods and the expansion of current plants. The following are some significant advancements in APAC heart health functional food industry:

  • Probiotics, omega-3 fatty acids, and folic acid supplements are among the items that GM Pharm offered on the online shopping platform Rakuten in October 2019. One of the top companies in Japan is Rakuten, and GM Pharm has high aspirations for proving that functional health products from Korea are recognized in Japan. Health functional food supplements are the primary focus of the medical researchers as well as pharmacists of GM Pharm.
  • A new cereal from Kellogg was introduced with the goal of providing a 3-in-1 boost to intestinal health. The finest ingredients in Happy Inside’s morning cereal are combined with prebiotics, fiber, and probiotics to promote complete digestive health. The breakfast division of Kellogg is taking the next step towards functional meals with this new introduction. Producing and marketing ready-to-eat cereal along with convenience meals is the business of Kellogg Co. (Kellogg). Cereals, crackers, cookies, savory snacks, toaster pastries, frozen waffles, fruit-flavored snacks, cereal bars, and vegetable meals are all included in its product line.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global APAC heart health functional food market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the APAC heart health functional food market, the market is segmented based on type (breakfast cereals, dairy products, edible oils, nutritional bars and others), and distribution channel (hypermarkets, supermarkets, departmental stores, grocery/ retailers) across seven major countries (India, China, Japan, Singapore, Indonesia, Thailand, and Malaysia).

Drive Your Growth Strategy Purchase the Report for Key Insights:

Key Segments Profiled in the APAC Heart Health Functional Food Market

By Type:

  • Breakfast Cereals
  • Dairy Products
  • Edible Oils
  • Nutritional Bars
  • Others

By Distribution Channel:

  • Hypermarkets
  • Supermarkets
  • Departmental Stores
  • Grocery/ Retailers

By Country:

  • India
  • China
  • Japan
  • Singapore
  • Indonesia
  • Thailand
  • Malaysia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Asia Pacific Functional Food Ingredients Market to Reach USD 8.5 Billion by 2033, Growing at a 6.9% CAGR

Asia Pacific Functional Food Ingredients Market
Asia Pacific Functional Food Ingredients Market

The market for functional food ingredients in the Asia Pacific region was valued at 4.2 billion dollars in 2022, and by 2033, it is expected to have grown to 8.5 billion dollars, with a compound annual growth rate (CAGR) of 6.9%.

Food manufacturers in the Asia Pacific area are continually producing food items that incorporate functional ingredients like omega-3s as well as probiotics to fulfill the rising customer demand for food products with varied health advantages. One of the forthcoming trends seen in the area is the expansion of production facilities by manufacturers to further boost their market position in the Asia Pacific functional food ingredients market.

A number of factors, including rising rates of nutritional deficiencies as well as chronic illnesses, new government fortification initiatives, the rise of the middle class in emerging economies, the aging population, and rising interest in health and wellness, are expected to increase the desire for functional food ingredients within the Asia Pacific region in the upcoming years.

Strict laws limit the growth of the market for functional food additives, despite these exciting prospects. Businesses must do several clinical studies and gain government accreditation in order to compete for health claims, which boosts the cost. High investment consequently poses a problem for participants in the growing market who have limited financial resources.

Key Takeaways from the Market Study

  • According to estimates, the market for functional food ingredients in Asia Pacific would be worth US$ 3.71 billion in 2018.
  • Sales in the Asia Pacific market for functional food ingredients increased significantly between 2018 and 2022, with a CAGR of 2.6%.
  • By type, carotenoids accounted for 32.8% of the Asia Pacific market share in 2022.
  • The use of these functional food additives in the food and beverage industry in 2022 amassed a market share in Asia Pacific of 27.2%.
  • The Asia Pacific market for functional food ingredients was 45.7% owned by China in 2022.
  • The functional food ingredients market in Japan accounted for about 22% of the Asia Pacific market share in 2022.

“Food producers in the Asia Pacific area are continually creating food items with functional ingredients like probiotics and omega-3s to suit the rising customer demand for food products with varied health advantages,” – Nandini Roy Choudhury, Client Partner at Future Market Insights 

Competitive Landscape

The market for functional food ingredients is fragmented, and the major producers only possess minor market shares. This is a result of the extensive selection of functional food additives produced by various producers. Key market participants in the functional food ingredients space have a substantial worldwide footprint. The following are some significant developments in the Asia Pacific functional food ingredients industry:

  • In 2023, BASF started work on two further research and development (R&D) buildings in Shanghai in order to expand the campus. Since 2012, the company has invested a total of €280 million in its Innovation Campus Shanghai, enhancing its capacity for innovation and improving its ability to serve its clients in China and Asia.
  • BASF invested in an addition to their vitamin A factory in Ludwigshafen, Germany, which they completed in 2021 to improve vitamin A supply. In mid-2023, BASF plans to begin construction on an expansion of their global-scale facility for formulating vitamin A for animal feed.
  • The Ludwigshafen feed enzymes factory of BASF boosted its production capacity in January 2022, assisting customers in the animal nutrition industry in realizing their expansion objectives.

Drive Your Growth Strategy Purchase the Report for Key Insights: 

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the Asia Pacific functional food ingredients market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Asia Pacific functional food ingredients market, the market is segmented based on ingredient type, application and region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Natural Food Colors Market to Surpass USD 3.3 Billion by 2033, Growing at a 7.2% CAGR

Natural Food Colors Market
Natural Food Colors Market

According to Future Market Insights (FMI), the natural food colors market is likely to reach a valuation of US$ 1.7 billion in 2023. From 2023 to 2033, a robust 7.2% CAGR is likely to propel the market to a valuation of US$ 3.3 billion in 2033.

Color has a profound impact on how people feel about food. It is considered to be the most important product-intrinsic sensory signal when it comes to affecting people’s judgements of the likely flavor and taste of food and beverages.

Color-giving substances were initially produced in domestic kitchens from locally grown plants or already-existing natural sources. Due to the industrialization of food production, food colors that were reliable across all production batches and stable for the duration of products’ shelf lives were needed.

Recent years have seen rapid expansion across a wide range of industries, thanks to the global economy’s adoption of digitization. Due to rising internet usage among consumers and the simplicity of online transactions, several natural food color producers are choosing online channels for their product promotion and sales. Consumers also favor making purchases from online merchants, which encourages businesses to strengthen their online presence.

“The only pertinent challenge that market players have to overcome involves the pricing of natural food colors. As of now, natural food colors are more expensive than synthetic variants. However, in the coming years, increasing investments in research & development should allow players to offer competitively-priced products to consumers.” –Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Natural Food Colors Market Study

  • The global market for natural food colors is likely to be valued at US$ 1.7 billion in 2023.
  • A positive 7.2% CAGR is anticipated to drive market acceleration from 2023 to 2033.
  • In 2033, FMI expects the global market to attain a valuation of US$ 3.3 billion.
  • The United States market is slated to emerge as the most dominant force in North America between 2023 and 2033.
  • In Asia, the likes of China, India, and Japan are set to make significant contributions and propel the global market.

Drive Your Growth Strategy Purchase the Report for Key Insights

Who is Winning?

Due to the rising demand for natural food colors, several leading manufacturers are focusing on offering it at the best possible pricing. To increase their market share and manufacturing capacity while expanding their industrial footprints, businesses are relying on integrated production methods. Leading producers of natural food colors are investing in employing multiple raw materials so that they can diversify production.

Leading players operating in the natural food colors market are Archer Daniels Midland, Sensient Technologies Corporation, Döhler GmbH, Symrise AG, Naturex S.A., Kalsec Inc., DDW The Color House Corporation, Chr. Hansen Holding A/S, McCormick & Company, Aakash Chemicals and Dyestuffs, San-Ei Gen F.FI Inc., ROHA Dyechem Pvt. Ltd. (JJT Group), GNT International BV (EXBERRY), Adama Agricultural Solutions Ltd. (LycoRed), and AFIS (Australian Food Ingredient Suppliers).

Natural Food Colors Market by Category

By Pigment Type:

  • Carotenoid
    • Beta carotene
    • Annatto
    • Lutein
    • Lycopene
  • Curcumin
  • Anthocyanin
  • Paprika extract
  • Spirulina extract
  • Chlorophyll
  • Carmine

By Functionality:

  • Dairy Food Products
  • Beverages
  • Packaged Food/Frozen Products
  • Confectionery and Bakery Products

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact US:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Teleradiology Services Market Set for Unprecedented Growth, Forecast to Reach USD 22,069.5 Million by 2033

In a major advancement for the healthcare industry, recent market analysis reveals that the global teleradiology services market is on track for remarkable expansion over the next decade. Valued at USD 6,221.2 million in 2023, the market is projected to reach a staggering USD 22,069.5 million by 2033, representing a robust compound annual growth rate (CAGR) of 12.20%.

Teleradiology, the practice of transmitting radiological patient images for remote diagnosis and consultation, has become an indispensable part of modern healthcare. Its ability to enhance healthcare accessibility and efficiency, particularly in remote and underserved areas, is driving this growth. As the demand for remote diagnostic services increases worldwide, teleradiology is evolving into a critical component of medical services.

Key Market Insights:

  • Global Market Growth: The teleradiology services market is expected to surpass USD 22,069.5 million by 2033, driven by a strong CAGR of 12.20%.
  • India: Poised for exceptional growth with a projected 18.3% CAGR, India’s market expansion is fueled by increasing healthcare facilities and a rising burden of chronic diseases.
  • Germany: The German teleradiology market is expected to grow at a 4.4% CAGR, supported by an advanced health information infrastructure and a focus on preventive care.
  • Japan: With a projected CAGR of 7.1%, Japan’s growth is driven by government-backed telehealth policies and expansion into remote psychiatric services.
  • Australia: Australia’s market is forecast to grow at a rate of 13.4% CAGR, boosted by digital health infrastructure, healthcare research initiatives, and government support for telehealth.
  • China: The market in China is anticipated to grow at a 15.9% CAGR, propelled by significant government investment in healthcare infrastructure and rapid technology adoption.

This surge in the global teleradiology services market reflects a broader trend toward digital health solutions and remote diagnostics, offering enhanced medical services to populations around the world. As healthcare systems increasingly embrace telehealth technologies, teleradiology stands at the forefront of this transformation, promising improved healthcare outcomes and accessibility for millions.

Surge in Market Demand: Explore Comprehensive Trends and Analysis in Our Full Report!

Recent Developments Observed by FMI:

  • LevelJump Healthcare Corp., a Canadian pioneer in B2B telehealth solutions, announced in September 2023 that its wholly owned subsidiary, Canadian Teleradiology Services (“CTS”), has acquired a new contract to provide teleradiology services. CTS is expanding its services outside Ontario, now offering remote radiological readings to Circle West Ultrasound Diagnostics and Warman Medical Imaging in Saskatchewan. During the day, the duty entails readings for Ultrasound patients.
  • In October 2022, Teleradiology Solutions (TRS) launc its new facility in the Andhra Med Tech Zone (AMTZ). AMTZ and TRS will utilize this hub to connect pan-India government hospitals, state-wide rural health facilities (including those financed by the National Health Mission), and public-private partnerships with hospitals where TRS would provide remote radiological services.

Key Players in the Global Teleradiology Service Market:

  • Teleradiology Solutions
  • Argus Radiology
  • SRL Diagnostics
  • USARAD Holdings Inc.
  • Vital Radiology Services
  • Teleradiology Providers
  • Telemedicine Clinic
  • TeleDiagnosys Services Pvt. Ltd
  • Imaging Advantage
  • Foundation Radiology Group
  • Direct Radiology
  • Imaging On Call LLC

Teleradiology Service Market Segmentation:

By Process Type:

  • Certified Reporting Services Process
  • Preliminary Reporting

By Service Type:

  • Emergency Nighthawk
  • Day Time Coverage
  • Subspecialty Reading
    • Cardiac Imaging
    • Neuroradiology
    • Nuclear Scans
    • Musculoskeleton Studies
  • Second Opinion
  • Clinical Trials

By Modality:

  • X-Ray Scans
  • Computerized Tomograph (CT) Scans
  • MRI Scans
  • Ultrasound Scans
  • Nuclear Scans
  • Cardiac Echo
  • Mammography
  • Electromammography

By End-user:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres
  • Radiology Centres

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube